Romer model

GPTKB entity

Statements (22)
Predicate Object
gptkbp:instanceOf economic growth model
gptkbp:assumes imperfect competition
increasing returns to scale
knowledge spillovers
gptkbp:category endogenous growth theory
gptkbp:citation gptkb:Arrow's_learning_by_doing
gptkbp:contrastsWith exogenous growth models
gptkbp:emphasizes role of ideas in growth
gptkbp:explains long-run economic growth
gptkbp:field macroeconomics
gptkbp:focusesOn endogenous technological change
https://www.w3.org/2000/01/rdf-schema#label Romer model
gptkbp:influenced gptkb:new_growth_theory
gptkbp:mathematicalFormulationIncludes production function with knowledge as input
gptkbp:proposedBy gptkb:Paul_Romer
gptkbp:publishedIn gptkb:Journal_of_Political_Economy
gptkbp:relatedTo gptkb:Solow–Swan_model
gptkb:AK_model
gptkbp:usedIn policy analysis
gptkbp:yearProposed 1990
gptkbp:bfsParent gptkb:Paul_Romer
gptkbp:bfsLayer 4